Until recently, Afterpay (ASX:APT) shares were just about the hottest stock going on the Australian share market.
The APT share price jumped as high as $23 after the company resumed trading following news it was expanding into the UK by acquiring ClearPay. The acquisition was funded by an institutional capital raise at $17.05 per share.
The gloss has somewhat come off the Afterpay Touch share price since the euphoric days of $23 per share, with the Afterpay share price now trading back at $16.64, a hefty 28 per cent fall for those poor souls who managed to buy right at the top of the market.
Still, zooming out, and even after the recent haircut for the Afterpay share price, it is still up a whopping 333 per cent in the last 12 months, making it easily the best performing ASX 200 stock in that period.